VWAP with period (rajib127)

VWAP with Adjustable Period (rajib127)

This advanced VWAP (Volume Weighted Average Price) indicator offers enhanced functionality with customizable anchor periods and multiple standard deviation bands.

Key Features:

Adjustable Anchor Period: Unlike standard VWAP that resets daily, this indicator allows you to set custom anchor timeframes (Daily, Weekly, Monthly) to match your trading strategy

Multiple Deviation Bands: Display up to 3 sets of bands with customizable multipliers for better support/resistance identification

Dual Calculation Modes: Choose between Standard Deviation or Percentage-based band calculations

Flexible Price Sources: Select from 7 different price calculation methods (Typical, Close, High, Low, Median, Weighted, Open)

Timeframe Visibility Control: Option to hide VWAP on higher timeframes (Daily and above) for cleaner charts

Visual Enhancements: Color-coded bands with fill areas and real-time value display table

Trading Applications:

Identify dynamic support and resistance levels
Spot mean reversion opportunities when price deviates from bands
Use different anchor periods for swing trading vs day trading strategies
Combine with other indicators for confluence-based entries

Unique Advantage:
The ability to adjust the VWAP reset period makes this indicator versatile for various trading styles - from intraday scalping with hourly resets to swing trading with weekly anchors.
Perfect for traders who want more control over their VWAP analysis beyond the standard daily reset limitation.